LG Energy Solution is set to become the first company to produce batteries with nickel, cobalt, manganese and aluminum NCMA anode materials for EVs next year
LG Energy Solution has stated it will produce the battery beginning in the second half of 2021
The NCMA battery cathode is 90% Nickel and the percentage of Cobalt is below 5%
The high nickel percentage brings up energy density and enables EVs to travel a distance of 600 kilometers per charge
Existing batteries only enabled the vehicles to travel 500 kilometers per charge
LG Energy Solution brought down battery costs by reducing the use of cobalt and substituting this with aluminum
Aluminum is known to balance out instability that may arise in the high energy-density cathode
LG Energy Solution referred to Hanyang University professor Sun Yang-kook's paper, which states the NCMA battery in terms of capacity, battery life and resistance outperforms Samsung's NCA battery and SK's NCM9, both of which have a nickel percentage of around 90%
Professor Sun has been listed by Clarivate Analytics in 2019 as a researcher with highly cited work in material science
The company will be supplied with the battery materials by L&F, a local manufacturer of cathode materials for secondary batteries
L&F is led by Huh Je-hong, the great grandson of the late LG Group co-founder Huh Man-jung
LG Energy Solution has made a 1.45 trillion won deal with the firm
L&F made a regulatory filing outlining the deal to supply cathode materials to the company for the next two years
POSCO Chemical is supplying cathode materials for the Ultium Cells with GM
It is setting up a production line in Gwangyang, South Jeolla Province
Regarding the supply of the battery to Tesla, an LG Energy Solution official said, "We cannot confirm this as we cannot specify the names of our clients”
But the firm is beefing up production capacity at its plant in Nanjing, China
The plant manufactures cylindrical battery cells used in Tesla's vehicles
It has been reported that the company will provide NCMA batteries for Tesla's Model Y
LG and GM set up a joint venture to manufacture Ultium batteries by 2022
But LG's sooner-than-expected production and supply slated for next year may speed up manufacturing with GM
The company Ultium Cells will produce NCMA batteries for GM EVs at its plant in Lordstown Ohio
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@19Joe92@Kristofus97 I am all in favor of competition with a level playing field
But when you deploy billions of dollars from the deep pockets of the ECB into uneconomical and uncompetitive projects that will never be expected to recover their original capital investments . . .
@19Joe92@Kristofus97 . . . and then enter the market against a privately funded initiative that has to fund itself and recover the full economic cost of its operations from its customers . . .
@19Joe92@Kristofus97 . . . you risk creating a serious market distortion that destroys or undermines the natural value of private capital while simultaneously burning public capital
When done knowingly this represents the worst example of value-destructive market interventions by the public sector
Toyota’s Chief Says “Electric Vehicles Are Overhyped”
Toyota President Akio Toyoda said “Japan would run out of electricity in the summer if all cars were running on electric power” wsj.com/articles/toyot…
FIRST, LET’S SEE WHAT THE WSJ REPORTS :
Toyota Motor Corp.’s leader criticized what he described as excessive hype over electric vehicles, saying advocates failed to consider the carbon emitted by generating electricity and the costs of an EV transition
The infrastructure needed to support a fleet consisting entirely of EVs would cost Japan between ¥14 trillion and ¥37 trillion, the equivalent of $135 billion to $358 billion, he said
15% Of Diesel Pickups In The U.S. Have Emissions Defeat Devices
A study conducted by the U.S. Environmental Protection Agency’s Air Enforcement Division has revealed the full scope of aftermarket emission defeat devices used by U.S. diesel vehicle owners carscoops.com/2020/12/15-of-…
In the report the AED estimates that emissions controls have been removed from more than 550,000 diesel pickups in the last decade
The removal of these systems will produce more than 570,000 tons of excess oxides of nitrogen and 5,000 tons of excess particulate matter over the lifetime of these vehicles
Technologies used by Volkswagen to rig vehicle emissions tests should be considered illegal, the European Union’s highest court ruled on Thursday, even if they contribute to preventing ageing or clogging up of the engine in.reuters.com/article/us-vol…
The Court of Justice of the European Union was asked to rule in a French prosecution against the carmaker for allegedly deceiving purchasers of diesel vehicles
Volkswagen had argued in favour of a restrictive definition of devices used to rig emissions tests, limited to technologies and strategies operating only “downstream” or after potential emissions are produced
John Fichthorn had been in the hedge fund business for more than 20 years when a half-hour phone call with a stranger put him on high alert
In December 2017, Fichthorn — a veteran short-seller and the founder of hedge fund Dialectic Capital Management — had joined the board of a troubled small-cap company called Health Insurance Innovations